Santos Basin
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Supermajor down, but not out of Brazilian exploration game. -
The new floater is producing oil from the Itapu field in the Santos Basin
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The French operator will tie satellite field back to existing FPSO, with first oil expected in around 2 years.
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A second well, Curaçao, also encountered commercial oil volumes in the Santos Basin.
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The supermajor is expected to put off green-lighting the presalt project for up to 2 years.
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The new-generation FPSO will minimize emissions with carbon capture and reinjection as well as energy-recovery capabilities.
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The duo looks to new drilling of the $8-billion pre-salt project in the Santos Basin.
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The subsea specialist will provide and install flowlines, risers, and umbilicals for the Búzios 8 project offshore Brazil.
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Monies are recoupment for Petrobras’ sunken costs in the Atapu development, to date.
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Santos basin pre-salt find to be further evaluated following completion of well.
